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President of the Republic, Nikos Christodoulides has said that he discussed the Cyprus problem with US President Donald Trump, on the sidelines of the Gaza Peace Summit in Sharm El Sheikh that took place on Monday.

Invited Tuesday by journalists to say what he has discussed with the US President during their brief meeting, President Christodoulides said that ‘all I can say is that the issue that was discussed is the Cyprus problem.’

The President, who was arriving at the Conference of the Academy of the Law Office, in Nicosia, was asked about the participation of the Republic of Cyprus in the Gaza Peace Summit held yesterday in Sharm El-Sheikh, Egypt. He said that despite the fact that there were some who did not want the Republic of Cyprus to be present at the Summit, “we were invited by both the US President and the President of Egypt”. It is important, he said, “that we were very specific, as we did in October 2023, in Paris, when we first presented the ‘Amalthea’ initiative'”, the sea corridor for humanitarian aid from Cyprus to Gaza.

Yesterday, he added, Cyprus presented at the Peace Summit a specific plan, which is in progress, with six initiatives that the Republic of Cyprus can undertake, in the areas of security, reconstruction and humanitarian aid, based on President Trump’s 20-point plan.

President Christodoulides said that this proposal has been discussed during the previous days in telephone communications that he held, in particular with the President of the European Commission. The document, he continued, which is under development, has been sent to the European Commission, the EU Member States, the US and the interested parties adding that “now is the time to work so that what has been agreed in the first stage of the Trump plan is implemented, and we can move on to the second stage.”

“It is important, especially for us, as a country in the region with excellent relations with all neighboring states, we are the EU member state in the region and the state affected by developments, to do everything possible, always within our capabilities, so that what was agreed upon is implemented.” he underlined.

Usurpation of Greek Cypriot properties

Meanwhile, invited to comment on the fact that Simon Aykut, who is accused for usurpation of Greek Cypriot properties in the Turkish occupied areas of Cyprus, pleaded yesterday -before a Cypriot court -guilty to 40 charges, the President of the Republic clarified at first that he does not interfere in matters of the judiciary.

Beyond that, he continued, this admission proves “the correctness of the Government’s policy, a policy that should had been followed for many years now.”

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

Cyprus’ Deputy Minister of Migration and International Protection, Nicholas Ioannides, underlined on Tuesday the need for agreement on the Return Regulation during today’s Justice and Home Affairs Council. Arriving at the meeting in Luxembourg, he stated that all member states “agree that we need the Return Regulation”, while also underlining the necessity for an effective and balanced approach.

“This is another important meeting where we will discuss an array of crucial matters. Emphasis will be placed on returns to Syria and negotiations with respect to the Return Regulation,” Ioannides stressed.

“As regards Syria, Cyprus has been facilitating voluntary returns of Syrian nationals,” he said. As of December 2024, he added, “around 4,000 Syrian nationals have left Cyprus and returned to Syria.”

“At the same time, we support the return of third country nationals, including Syrians, that pose a threat to national security and public order,” he noted.

The Deputy Minister placed particular emphasis on the importance of a comprehensive Return Regulation. “This instrument will complement the EU Pact on Migration and Asylum, and advance the effective carrying out of third country nationals’ return. It is our aim to strike a balance between the need for a more stringent legal regime and flexibility for those member states, like Cyprus, that have developed an effective national return programme,” he noted.

Regarding the upcoming Cypriot Presidency, Ioannides said that the country “will prioritise the implementation of the Pact and the adoption of the Return Regulation.”

Tuesday’s Council in Luxembourg marks the first high-level political debate on the new Common European System for Returns, and the 27 must tackle the thorny issue of how to ensure that people cannot simply move to another European country if they fail to secure a visa or apply for asylum.

In response to a question about the remaining disagreements surrounding the Return Regulation and how to overcome these divisions, including mutual recognition, Ioannides replied that «of course we’re aware of the partial disagreements.”

I think, he pointed out, “that everybody agrees that we need this regulation. We agree on the gist of the regulation.”

So, he added, “we are ready to discuss some different formulas in order to overcome any obstacles, any disagreements. But I’m optimistic that we’ll manage to move forward with the regulation.”

The remaining items on the agenda for the Ministers of Migration and Home Affairs include migration, border security, and internal security.

On the margins of the Council, the Deputy Minister will hold bilateral meetings with counterparts from various member states to exchange views on issues of common interest.

Deputy Minister of Migration and International Protection Nicolas Ioannides, underlined the importance of a comprehensive Return Regulation for Cyprus and the EU said during the EU Justice and Home Affairs Council (Internal Affairs) held today, Tuesday, 14 October 2025, in Luxembourg.

In his arrival doorstep statement, Ioannides underscored the need for a comprehensive Return Regulation, which will complement the new EU Pact on Migration and Asylum and promote the effective implementation of returns for third-country nationals. He stressed the need for a balance between a stricter legal framework and the necessary flexibility for Member States that have developed effective national return programs, such as Cyprus. He added that the upcoming Cyprus Presidency of the EU Council will prioritize the implementation of the Pact and the adoption of the Return Regulation.

During the Council’s proceedings, an exchange of views took place on the draft Regulation for a common return system for third-country nationals illegally staying in the EU. According to the Deputy Minister, the proposed legislation that is currently under discussion among member states at a technical level, includes common procedures for issuing return decisions, clear rules for forced returns, stricter timelines, and stronger obligations for returnees to cooperate with national authorities.

According to diplomatic sources, the compromise proposal from the Danish Presidency of the Council which is currently on the table, includes the reduction or removal of administratively burdensome provisions, such as making the use of a European Return Order optional for member states. It also relaxes requirements for agreements with third countries regarding return hubs. Additionally, it provides for the possibility to impose longer entry bans, as well as indefinite entry bans for individuals posing a threat to public order or national security.

Furthermore, EU member states are negotiating a legal basis for searches, seizures, and the collection of biometric data without the consent of the third-country national, as well as the possibility for the EU countries to refrain from applying the Regulation to third-country nationals expelled for serious criminal offenses or threats to public order or national security.

During the working lunch, the discussion focused on the external dimension of migration, particularly returns to Syria. In his intervention, the Deputy Minister noted that, although conditions in Syria remain partially unstable, there has been relative improvement that could facilitate both voluntary and forced returns. He pointed out that, to date, contact with Syrian authorities on migration issues has been limited and is conducted mainly through the Ministry of Foreign Affairs, with a focus on supporting the Syrian people and the country’s gradual reintegration into the international community, in full respect of international law, including the law of the sea, and the principles of good neighborliness.

Regarding forced returns of Syrian nationals without the right to stay, Ioannides stated that the Republic of Cyprus supports such returns, especially for individuals who pose a serious threat to public order or national security or are convicted criminals, under the strict condition of compliance with international and EU law and the existence of appropriate safeguards. He stressed that the main prerequisites for the effective implementation of returns are linked to the actual conditions on the ground-security, infrastructure, basic services, and livelihood opportunities-as well as the need to build reliable communication channels with Syrian authorities.

Finally, he highlighted the decisive role of international organizations. In this context, he referred to the first voluntary repatriation flight organized by the International Organization for Migration (IOM) from Libya to Syria on 8 October, which, as he said, demonstrated the potential for broader and more structured returns. Cyprus, already having a successful Assisted Voluntary Return (AVR) program, supports the scaling up and expansion of such initiatives as confidence-building measures and safe return channels.

The Deputy Minister held a series of meetings with his counterparts on the sidelines of the Council, in the context of preparing for Cyprus’s assumption of the EU Council Presidency in January 2026. He briefed his counterparts on Cyprus’s priorities, meeting with Anneleen Van Bossuyt, Belgian Minister for Migration, Asylum, and Social Integration; Beat Jans, Swiss Federal Councillor and Minister of Justice and Police; Bence Rétvári, Hungarian Deputy Minister of the Interior; David van Weel, Dutch Minister for Foreign Affairs, Asylum, and Migration; Johan Forssell, Swedish Minister for Migration; Mari Rantanen, Finnish Minister of the Interior; and Thanasis Plevris, Greek Minister for Migration and Asylum.

The International Monetary Fund (IMF) expects a higher growth rate for Cyprus for 2025 and 2026 in its October edition of the World Economic Outlook (WEO) compared with the estimates included in the April edition. Specifically, it projects that the growth rate will reach 2.9% of GDP in 2025 and 2.8% in 2026, compared with 2.5% for 2025 and 2.7% for 2026 in the April projections.

In addition, the IMF estimates that consumer prices will increase by only 0.7% in 2025, marking the lowest rise in the euro area, and by 1.3% in 2026. By comparison, in the April estimates, inflation was projected at 2.3% for 2025 and 2% for 2026.

Regarding the current account balance, the revised projections indicate a deficit of -8.5% in 2025 and -9.1% in 2026, higher than the April forecasts of -7.3% and -7.8%, respectively.

The unemployment forecast has also been revised downward. Unemployment is expected to reach 4.5% in 2025 and 4.7% in 2026, compared with 4.8% for 2025 and 5% for 2026 in the April projections.

The IMF reports overall improved global growth rates due to the smaller-than-expected impact of tariff impositions. Specifically, it expects global growth to slow from 3.3% in 2024 to 3.2% in 2025, and further to 3.1% in 2026. By comparison, the April estimates had projected growth at 2.8% for 2025 and 3% for 2026.

However, IMF notes that “trade policy uncertainty remains elevated in the absence of clear, transparent, and durable agreements among trading partners-and with attention starting to shift from the eventual level of tariffs to their impact on prices, investment, and consumption”.

European University Cyprus (EUC) has once again been recognized as one of the top employers in Cyprus, ranking among the national Top 4 Workplaces for the fourth consecutive year. On a European level, EUC also earned a prestigious spot on the ‘Great Place to Work® – Best Small and Medium Workplaces in EuropeS’ list, securing the #71 position among the 100 best work environments. This remarkable achievement reaffirms EUC’s dedication to fostering a positive and inclusive workplace.

The certification followed a rigorous evaluation process that assessed EUC’s work environment and organizational culture. The results underscore the university’s exceptional HR practices and continuous efforts to retain our supportive, innovative and equitable workplace of more than 1500 employees.

This distinction highlights the university’s commitment to providing a workplace that fosters innovation, equality, collaboration, and continuous professional growth. European University Cyprus has introduced robust gender equality policies, enforces a zero-tolerance approach to workplace harassment, and continually enhances its HR practices and employee benefits to address the evolving needs of its staff, ensuring an environment where every employee can thrive.

Beyond academic and research excellence, European University Cyprus places strong emphasis on the professional development of its employees, by giving them the opportunity to participate in local and European initiatives, including corporate training programs, ERASMUS exchanges, and specialized conferences both in Cyprus and abroad. This continuous investment in employee development and engagement is reflected in its successful ranking among Europe’s leading workplaces.

The strength of EUC lies in its team-oriented approach, where employees work collaboratively, participate equally, and invest collectively. This shared commitment sets the University apart and distinguishes it within the academic landscape.

Loukia Polygerinos-Tzyrkas, the Director of Human Resources at EUC, stated: ‘It is with great pride that we received this recognition, which attests to the high standards of our working environment. We remain committed to offering our employees the right conditions and resources for continuous skill development, fostering academic excellence and innovation.’

As one of Cyprus’s leading universities, European University Cyprus has 7 Schools, offering more than 80 undergraduate, graduate, and doctoral degree programs, with a student body of more than 12,600 students. Over the past decade, EUC has rapidly modernized and expanded the curricula on offer, introducing innovative academic programs and enhancing the scope and quality of higher education in Cyprus. This academic leadership goes hand in hand with EUC’s commitment to fostering an outstanding workplace environment, where excellence in education is matched by excellence in employee experience.

A significant milestone in the European University Cyprus’s international expansion strategy was the inauguration of the EUC Medical School in Frankfurt in 2022, making EUC the first Cypriot university with a presence abroad. This was followed by the completion of a major campus expansion in Nicosia in 2024. The new state-of-the-art building was designed to address the growing needs of the School of Medicine and School of Dentistry, as well as the Health Sciences programs. Emphasis has been placed on the establishment of the new School of Veterinary Medicine, featuring fully equipped laboratories and advanced infrastructure that comply with the highest European standards.

Looking ahead, EUC remains committed to strengthening the scientific community in Cyprus and positioning itself as a leading hub of education, research, and innovation for the wider Eastern Mediterranean region.

European University Cyprus is part of Galileo Global Education, the largest network of higher education institutions in Europe, comprising 54 academic institutions, 91 campuses across 18 countries, and over 300,000 students. It is synonymous with quality education, high-tech innovation, industry and community engagement, and the strong employability of its students and graduates.

The reform of the institution of the Attorney General through the separation of its dual role was the focus of the Annual Conference of the Law Office Academy in Nicosia. President Nikos Christodoulides, House of Representatives President Annita Demetriou, Attorney General George Savvides, and European Commissioner for Justice Michael McGrath addressed the conference themed ‘Historical Evolution, Prospects and Challenges for the Institution of the Attorney General of the Republic”, as Cyprus moves forward with plans to reform one of its most powerful constitutional institutions.

President Christodoulides calls for modernisation of the Attorney General’s institution

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President Nikos Christodoulides stressed the need to modernise the institution of the Attorney General through the separation of its existing dual role. He said the reform responds to society’s demand for greater independence, transparency and the avoidance of potential conflicts of interest.

‘The separation of this dual role is necessary as a measure of modernisation and as a requirement of the society for reasons of independence, full transparency and the avoidance of possible conflicts of interest or roles,’ President Christodoulides said.

The proposed government reforms, he explained, would assign the Attorney General’s criminal prosecution powers to a new Office of the Prosecutor General, while the Attorney General would remain the state’s legal adviser and head of the Law Office.

He noted that the reform aligns with recommendations by the Venice Commission, the European Commission’s Rule of Law reports, and GRECO, adding that it would bring Cyprus closer to European and international standards.

President Christodoulides acknowledged the reservations expressed by the Attorney General regarding the constitutionality of the legislative proposal, saying that such concerns are fully respected and will be discussed within the framework of dialogue.

EU backs Cyprus reform to separate Attorney General’s dual role, says Commissioner McGrath

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Addressing the conference in a recorded video message European Commissioner for Justice Michael McGrath said that separating the dual role of the Attorney General and establishing an independent Office of the Prosecutor General would be a crucial step toward strengthening both accountability and judicial independence in Cyprus.

McGrath reaffirmed the European Commission’s strong support for the ongoing plans to reform the institution and to implement the relevant recommendation included in the EU’s annual Rule of Law Report on Cyprus.

‘This is indeed a unique opportunity to strengthen the institution’s independence and also its accountability, and to bring it more into line with modern concepts of the rule of law,’ McGrath said. He added that the separation of the dual role of the Attorney General and the creation of the Office of the Prosecutor General would ‘benefit both the independence of justice, but also the fight against corruption,’ while reinforcing democratic checks and balances and improving the business environment.

He went on to highlight the Commission’s efforts to strengthen the justice sector through judicial training and digitalisation, noting that a new EU judicial training strategy will promote digital literacy and the use of artificial intelligence to make justice systems more efficient and resilient.

Referring to the European Public Prosecutor’s Office (EPPO), the Commissioner described it as ‘absolutely essential’ in protecting the Union’s budget and taxpayers’ money. He announced that the Commission will publish an evaluation report on the EPPO in June next year, to be followed by a proposal to revise its founding regulation and invited Member States to contribute their views to the process.

House President: AG reform strengthens independence and accountability

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In her address, House President Annita Demetriou said that the discussion about the separation of powers of the Attorney General of the Republic of Cyprus does not aim to breach the institution, but to ensure and strengthen the independence, accountability and effectiveness of our legal system, for the benefit of the Republic.

Demetriou added that the Law Office of the Republic is not a distant or inaccessible institution but an institution ‘deeply connected to our everyday life, to the essence of the Rule of Law, to the functioning of the Republic and, ultimately, to the pursuit of a better life for all citizens.’

The institution of the Attorney General of the Republic, she noted, was called upon in the past to address political instability and complex constitutional challenges adding that today “it is called upon to respond to even more complex and specific challenges, since modern society requires absolute transparency, accountability and efficiency. And the institution of the Attorney General of the Republic is at the forefront of this challenge.”

Attorney General calls for legislative action to safeguard institutions

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Speaking at the Conference, the Attorney General, George Savvides, called on the House of Representatives to proceed with legislative measures to address the deliberate undermining of state institutions and to safeguard constitutional order.

Savvides warned that the exercise of such responsibilities is often met with criticism and distortion, amplified by the impact of social media, which shapes public perception through misinformation or incomplete legal know-how. Savvides said it was time for Parliament to move forward with legislative measures, bearing in mind that the deliberate undermining of institutions destroys democracy and is not protected by the right to freedom of expression.

Addressing the ongoing debate on the reform of the Attorney General’s Office, Savvides reiterated his ‘serious reservations regarding the constitutionality’ of the proposed restructuring, particularly the separation of powers between the Attorney General and a potential new Prosecutor General’s Office. He noted that while the reform draws on recommendations from international bodies such as GRECO and the European Commission’s Rule of Law Report, it was prepared by the Governent ‘without prior consultation’ with the Law Office.

Savvides also reaffirmed his Office’s commitment to combating corruption, describing it as ‘a continuous and evolving challenge.’ He pointed to the establishment of a special Task Force in 2022 that coordinates all agencies handling corruption cases and to positive feedback from the European Commission’s 2025 Rule of Law Report, which acknowledged Cyprus’ progress in this area.

The Cyprus Stock Exchange (CSE) All Share Index closed at today`s stock exchange meeting as follows:

MEETING DATE: 14/10/2025

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 317.508,86

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

171,640

-0,920

313.059,780

MAIN MARKET INDEX

233,160

-1,440

249.678,620

INVESTMENT COMPANIES MARKET INDEX

3.249,600

-0,720

44.576,540

CSE GENERAL INDEX

282,910

-0,910

316.908,860

HOTELS INDEX

1.710,030

0,000

323,000

ALTERNATIVE MARKET INDEX

1.844,210

-0,080

67.830,240

The average gross monthly earnings of employees for 2024 were pound 2.483 compared to pound 2.363 in 2023 recording an increase of 5,1% compared to the previous year. For 2023 the corresponding increase was 7,3%. Median gross monthly earnings of employees were pound 1.881.

According to the estimates of the Statistical Service, the highest percentage of employees (14,2%) is observed among employees who earn between pound 1.000 and pound 1.249, followed by the groups of employees who earn between pound 1.250 and pound 1.499 (11,6%) and those who earn between pound 1.500 and pound 1.749 (11,2%).

The average gross monthly earnings by branch of economic activity, for 2024, range from pound 941 in the Agriculture, Forestry and Fishing sector to pound 4.710 in the Financial and Insurance Activities sector.

Compared to 2023, there is a decrease of 2% in the Real Estate Activities sector and of 0,8% in the Mining and Quarrying sector. It is noted that these sectors employ a small number of workers, which results in more pronounced fluctuations. This means, it says, that small changes in the composition of the workforce or other factors can have a greater impact on the results of these sectors.

In all other economic activity sectors, an increase is observed compared to the previous year, with the largest increase occurring in the Information and Communication sector (8,1%), followed by the Human Health and Social Work Activities sector (7,6%) and the Water Supply, Sewerage, Waste Management and Remediation Activities sector (6,9%).

The average gross monthly earnings of Cypriots for 2024 were pound 2.506 and of non-Cypriots pound 2.434. The annual change in average gross monthly earnings for Cypriot employees was 5,4% and for non-Cypriot employees it was 4,3%.

It says that the median gross monthly earnings for Cypriot employees were pound 2.053 and for non-Cypriot employees were pound 1.544.

Compared to Cypriot employees, non-Cypriot employees have higher percentages in both the lowest.